Florida Real Estate License Exam

The only active general partner in a real estate partnership did not account properly for his escrowed funds. His license was suspended. All of the licenses of the sales associates in that partnership are A. Suspended B. Canceled C. Placed in involuntary inactive status D. Not affected - Answer- C. Placed in involuntary inactive status A sales associate is selling her own property "by owner." Which statement is TRUE regarding real estate licensees selling property "by owner?" a. The licensee must include the name of her broker in the ad. b. The property must be listed with the sales associate's broker c. The licensee must disclose in the ad that she is a real estate licensee. d. The licensee should disclose to a buyer prospect that she holds a real estate license at the first point of meaningful negotiation. - Answer- d. The licensee should disclose to a buyer prospect that she holds a real estate license at the first point of meaningful negotiation. A member of the board of directors of real estate corporation A is also the owner and broker of another real estate company. Which statement is TRUE? a. He is in violation of Chapter 475, F.S b. He may serve in a nonbrokerage capacity for real estate corporation A and be the active broker for another real estate company. c. All of these apply d. He must request a multiple license - Answer- b. He may serve in a nonbrokerage capacity for real estate corporation A and be the active broker for another real estate company. What type of evidence, unless refuted by evidence to the contrary, will prove a case? a. Case law b. Notarized c. Enforceable d. Prima facie - Answer- d. Prima facie During its regular monthly meeting, the Commission modified several license fees and broker advertising requirements. These actions will be reflected formally in changes to a. Rule 61J2. b. Rule 22I c. F.S. 475 d. F.S. 455. - Answer- a. Rule 61J2. A nonresident who holds a Florida real estate license must a. conse